The following answers are based on the SEC’s Litigation Release No. 20470 and related press releases associated with the fraud at Bally Total Fitness Holding Corporation: a. According to the SEC press releases and Litigation Release No. 20470‚ Bally fraudulently accounted for three types of revenue it received from members: initiation fees‚ prepaid dues‚ and reactivation fees. Initiation fees: Bally fraudulently and prematurely recognized revenue from initiation fees. Part of the price of a
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• Case 1-4 Generally Accepted Accounting Principles At the completion of the Darby Department Store audit‚ the president asks about the meaning of the phrase “in conformity with generally accepted accounting principles‚” which appears in your audit report on the management’s financial statements. He observes that the meaning of the phrase must include more than what he thinks of as “principles.” Required: a. Explain the meaning of the term accounting principles as used in the audit report
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Principles of Marketing Chapter 5- Page 166 A. Case 5.1- How Color Used in Marketing 1. Q. Choose one of the following companies. What colors does it use predominantly in its logo or packaging? How do these colors affect the perception of its products? a. Wendy’s b. Microsoft c. L.L Bean d. Starbucks 1. A. The company I have chosen is Starbucks. Starbucks has three to four colors‚ which are black‚ white‚ dark green‚ and brown. Starbucks changed their logo few years ago so currently there are white
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Australian and New Zealand Online Shopping Market and Digital Insights Contents 1 Introduction 3 2 Executive summary 5 3 Research findings 8 4 Appendix 51 Digital media research 2012 | 2 Introduction 1 Digital media research 2012 | 3 Definition and methodology The definition of online shopping we use is online purchasing of physical merchandise such as clothes‚ books‚ and electronic items. This covers the same merchandise categories as used in the retail sales statistics published by the Australian
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Report On Online clothing store 1 Report On Online clothing store Submitted To: Rubaiyat Bin Arif Lecturer‚ UIU Submitted By: Name ID Farshid iftekhar 111 101 036 Taufiq Hasan 111 092 170 Md. Hassan Siddiquee 111 072 107 Noor Ibne Salehin 111 082 071 Sec: B Date of submission: 29-12-2012 4 Letter of Transmittal 29th December 2012 Rubaiyat Bin Arif Course Instructor School of Business United International
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SPPRIMAN Kimbel’s Department Store Problem Statement Frances Patterson‚ Kimbel’s CEO a regional chain of upscale department stores based in St. Louis. Kimbel faces the same challenges faced by most deopartment stores these days‚ how to stop loosing share of overall retail sales from competing discount stores. Frances was dismayed that it is rare to find a salesperson actively enganged with a customer and even rarer to find them engaged when the customer is willing to buy. Frances
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MINICASE REPORT PRAIRIE STORES What is the Rate of Return Percentage? In the mini-case‚ Mr. Breezeway indicated two kinds of percentage to determine the required return. One of them is the companies’ return on book equity (% 15) and the other one is the investment return percentage in the rural supermarket industry (% 11) which shows that investors in rural supermarket chains‚ with risks similar to Prairie Home Stores‚ expected to earn about % 11 percent on average. Since the companies’ rate
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1. This case describes one reason manufacturers might want to offer rebates rather than decrease wholesale price. Explain why this can be viewed as an example of customized pricing. The one-price-fits-all model is rapidly becoming extinct particularly in the world of e-commerce where every purchase and link clicked on (and much more) is stored‚ evaluated with the result being a customized price/offer based on many factors including credit score and buying habits. Rebates are an example of customized
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1. Problem 1-8 Golf Specialties Company Name: Golf Specialties Products: Head covers‚ embroidered golf towels‚ umbrellas Popular Product: Head cover in the shape of a tiger Main Market: European countries Current Production Details: |Item |Tiger Head | |Per week Production |500 | |Unit Cost (variable + fixed cost)
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Chapter 2 Case #1 & #2 Case 1 1. What are the implications of the low internet access rates for citizens of Hyderabad as they become active participants in the world economy over the next five to 10 years? Hyderabad citizens rely a lot on internet-capable phone as their primary access device. In order for them to become active participants in the world economy‚ they have to increase the percentage of population that has regular online access on a computer. As the technology advances
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